Halma buys Belgium's Limotec for €9.3m
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Safety, health and environmental technology group Halma on Friday said it had bought Belgian fire systems company Limotec for €9.3m (£8.2m) on a cash and debt free basis.
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The acquisition was completed on 18 October, and is expected to be earnings enhancing, Halma said. Limotec's revenue in the financial year to end December 2017 was €6.7m (£5.9m).
The deal was funded from Halma's existing facilities, the company said.